NTT (OTCMKTS:NTTYY) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of NTT (OTCMKTS:NTTYY) from a hold rating to a strong-buy rating in a research report released on Tuesday,Zacks.com reports.

NTT Price Performance

Shares of OTCMKTS:NTTYY opened at $22.12 on Tuesday. The company has a 50 day moving average of $23.39 and a 200 day moving average of $24.27. The stock has a market cap of $72.31 billion, a P/E ratio of 10.53 and a beta of 0.04. NTT has a 12 month low of $21.47 and a 12 month high of $28.38. The company has a current ratio of 0.51, a quick ratio of 0.48 and a debt-to-equity ratio of 1.11.

NTT (OTCMKTS:NTTYY) last posted its earnings results on Friday, May 8th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. NTT had a net margin of 7.26% and a return on equity of 10.39%. The business had revenue of $25.46 billion for the quarter, compared to analysts’ expectations of $24.01 billion. As a group, sell-side analysts forecast that NTT will post 1.91 EPS for the current fiscal year.

NTT Company Profile

Nippon Telegraph and Telephone Corporation (NTT) is a Japan-based telecommunications and information technology company. Established as a state-owned entity in 1952 and privatized in 1985, NTT provides a broad array of network services and IT solutions. The company’s core offerings include fixed?line and mobile communications, high?speed internet services, and network management for enterprise and consumer customers.

NTT’s business operations are organized across several key subsidiaries.